BartjeAkker

BartjeAkker

SILVER setup with very high potential. SILVER broke below Long term Support around 22.1 If these levels now hold as resistance, this will confirm a breakout for me with lots of downside potential. Be careful of potential bear trap / fakeout. This setup will be invalidated in the case of a break above the 50-day EMA, around 22.75. This is very high timeframe, so...

BartjeAkker Updated 

GOLD looking to retest previous resistance trendline and 200day EMA, should offer strong support around 1855-1856. In the case of a break below, GOLD is set to resume it's downward channel and I will start looking towards the 1800s. If it holds, bulls are very strong and will likely target ~1890. Keep in mind today is NFP day, so anything can happen. Prioritize...

BartjeAkker

My current view on GOLD. In my opinion, GOLD is waiting to drop to pick up some more value, as can be seen on the higher TF's. Small lot size is adviced due to uncertainty of potential breakout. A break above 1870 will invalidate this idea entirely, completing the BULLISH FLAG.

BartjeAkker

1833 looks like an area that should offer somewhat decent support. If 1833 break we will start looking towards 1800 level. If it holds, I think we will start going towards 1860s-1900.

BartjeAkker

Long from here, target ATH

BartjeAkker Updated 

If gold rejects 1875 on the 1hour chart, there is nothing stopping it from reaching 1800 levels, before bulls take it to the moon